Not a real favorite of mine, because the embroidery is indeed rather too busy, but I suspect it certainly looks better in reality than it photgraphs.
The matching stole for example is of very light and transparent ottoman fabric, which does not come across in pics.

After arriving late the first day, Queen Silvia did come to the Theater performance during the intermission, wearing the avantgarde red Yuki dress from the Nobel Awards 2007, along with the Leuchtenberg sapphire parure.
Did anyone come across a picture of her from that first night?

Queen Silvia tonight at the gala dinner of the 59th World Baden-Powell Fellowship Event Scout Foundation in Monaco.DaylifeDaylifeDaylife
Not her best looks. The hair doesn´t look good and I think that black and white isn´t the best combination for her.

I actually like the look - the black & white gown is sleeveless with a seperate train flaring out from under a low neckline in the back. The matching wrap and her set of black pearl jewelry, to which apparently a new brooch was added, complement the dress nicely.With the slim silhouette and in the stark, graphic black & white, it's an elegant overall look IMO.Different pics:

Yesterday the queen wear the same dress and coat as 2007 by the kings birthday!

The lavender coat with its eye-catching lapels is definitely a favorite - Queen Silvia has worn it a lot, maybe rather too frequently.
It was first seen during a 2006 state visit to Canada, and if I remember correctly it's by Armani.
Close-up from the King's birthday:

This lavender coat is one of a kind! It has such an interesting design. Q.Silvia looked fantastic, though she wore too many jewels IMO.

Why too many jewels?
Maybe you're referring to the colorful bracelet she's wearing with her watch: That's the new, 'formal' version of the charity bracelet from Queen Silvia's 'World Childhood Foundation'. Each pendant is meant to represent one article of the UN declaration of The Rights of The Child.

Thanks for the information Boris! It's not just the bracelet (and since it has a special meaning, it's more than fine). I think she wore different kind of jewels that clash (pearls with that blue brooch and a watch with a black, probably leather, strap, and a gold ring and then this bracelet). My point is she would have looked far more elegant if she hadn't used some of these jewels, but she still looks fantastic, as I said above.

True, the jewelry is a bit mis-matched...
...especially as the multi-colored pearls necklace is part of a set which includes matching earrings, and the flower brooch is part of a set with has matching earrings as well.
The double-faced watch is usually worn showing two different times when one of her children is in another time zone, and of course Princess Madeleine is six hours away currently.